Friends Of Liberty Hall
Friends Of Liberty Hall maintains zero liabilities and volunteer leadership amidst fluctuating revenues.
EIN: 205821797 · Machiasport, ME · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $29K |
| Total Expenses | $3K |
| Program Spending | 90% |
| Net Assets | $46K |
| Transparency Score | 85/100 |
Is Friends Of Liberty Hall Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Liberty Hall directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Liberty Hall
Friends Of Liberty Hall (EIN: 205821797) is a nonprofit organization based in Machiasport, ME, classified under NTEE code A80. The organization reported total revenue of $29K and total assets of $42K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Liberty Hall's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Liberty Hall is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30K |
| Total Expenses | $3K |
| Surplus / Deficit | +$27K |
| Total Assets | $46K |
| Net Assets | $46K |
| Operating Margin | 90.0% |
| Months of Reserves | 179.5 months |
Financial Health Grade: A
In 2023, Friends Of Liberty Hall reported a surplus of $27K with revenue exceeding expenses, holds 179.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Liberty Hall's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +479.9% | +91.9% | +149.0% |
| 2022 | -30.6% | -95.9% | +24.8% |
| 2021 | -75.0% | +276.7% | -68.1% |
| 2020 | +678.8% | -59.5% | +75.6% |
| 2019 | -92.7% | -2.0% | -45.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Liberty Hall with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Friends Of Liberty Hall allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $27K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating a volunteer-led structure. This is highly efficient for a small nonprofit, as it directs all available funds towards its mission rather than executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Friends Of Liberty Hall's IRS 990 filings:
- Significant revenue volatility year-over-year, making long-term financial planning challenging.
Strengths
The following positive indicators were identified for Friends Of Liberty Hall:
- Zero reported liabilities across all filings, indicating strong financial solvency.
- 0% officer compensation, demonstrating a highly efficient, volunteer-driven leadership.
- Consistent IRS 990 filing history, indicating good transparency.
- Expenses consistently lower than revenue in most recent periods, leading to asset growth (e.g., 2023: $30,315 revenue vs $3,046 expenses).
Frequently Asked Questions about Friends Of Liberty Hall
Is Friends Of Liberty Hall a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Liberty Hall (EIN: 205821797) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Friends Of Liberty Hall spend its money?
Friends Of Liberty Hall directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Liberty Hall tax-deductible?
Friends Of Liberty Hall is registered as a tax-exempt nonprofit (EIN: 205821797). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Friends Of Liberty Hall compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Friends Of Liberty Hall is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Liberty Hall located?
Friends Of Liberty Hall is headquartered in Machiasport, Maine and files with the IRS under EIN 205821797. It is classified under NTEE code A80.
How many years of IRS 990 filings does Friends Of Liberty Hall have?
Friends Of Liberty Hall has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $29K in total revenue.
How does Friends Of Liberty Hall manage its significant revenue fluctuations?
The organization's revenue has varied widely, from $8 in 2015 to $53,024 in 2018 and $30,315 in 2023. This suggests a reliance on grants or large, infrequent donations. Effective financial planning would be crucial to manage operations during low-revenue periods, though consistent low expenses help mitigate this risk.
What are the primary programs or activities of Friends Of Liberty Hall?
Based on the NTEE code A80 (Historical Societies & Historic Preservation), the organization likely focuses on preserving and promoting Liberty Hall. Without detailed program expense breakdowns, it's difficult to assess the specific impact of their activities, but the low overall expenses suggest a lean operational model.
Is the organization's asset growth sustainable given its revenue patterns?
Assets have grown from $14,663 in 2021 to $45,574 in 2023, largely due to strong revenue years like 2023 ($30,315 revenue vs $3,046 expenses). While positive, the historical volatility in revenue means asset growth might not be consistently sustained without stable funding sources.
Filing History
IRS 990 filing history for Friends Of Liberty Hall showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Liberty Hall's revenue has grown by 129.5%, moving from $13K to $30K. Total assets increased by 22.4% over the same period, from $37K to $46K. Total functional expenses fell by 78.5%, from $14K to $3K. In its most recent filing year (2023), Friends Of Liberty Hall reported a surplus of $27K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $30K | $3K | $46K | $0 | — | — |
| 2022 | $5K | $2K | $18K | $0 | — | View 990 |
| 2021 | $8K | $39K | $15K | $0 | — | View 990 |
| 2020 | $30K | $10K | $46K | $0 | — | — |
| 2019 | $4K | $25K | $26K | $0 | — | View 990 |
| 2018 | $53K | $26K | $48K | $0 | — | View 990 |
| 2017 | $984 | $5K | $21K | $0 | — | View 990 |
| 2016 | $8 | $5K | $24K | $0 | — | View 990 |
| 2015 | $8 | $1K | $29K | $0 | — | View 990 |
| 2014 | $1K | $3K | $30K | $0 | — | View 990 |
| 2013 | $1K | $4K | $32K | $0 | — | View 990 |
| 2012 | $2K | $3K | $36K | $0 | — | View 990 |
| 2011 | $13K | $14K | $37K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30K, expenses of $3K, and assets of $46K (revenue +479.9% year-over-year).
- 2022: Revenue of $5K, expenses of $2K, and assets of $18K (revenue -30.6% year-over-year).
- 2021: Revenue of $8K, expenses of $39K, and assets of $15K (revenue -75.0% year-over-year).
- 2020: Revenue of $30K, expenses of $10K, and assets of $46K (revenue +678.8% year-over-year).
- 2019: Revenue of $4K, expenses of $25K, and assets of $26K (revenue -92.7% year-over-year).
- 2018: Revenue of $53K, expenses of $26K, and assets of $48K (revenue +5288.6% year-over-year).
- 2017: Revenue of $984, expenses of $5K, and assets of $21K (revenue +12200.0% year-over-year).
- 2016: Revenue of $8, expenses of $5K, and assets of $24K (revenue +0.0% year-over-year).
- 2015: Revenue of $8, expenses of $1K, and assets of $29K (revenue -99.3% year-over-year).
- 2014: Revenue of $1K, expenses of $3K, and assets of $30K (revenue +3.5% year-over-year).
- 2013: Revenue of $1K, expenses of $4K, and assets of $32K (revenue -30.9% year-over-year).
- 2012: Revenue of $2K, expenses of $3K, and assets of $36K (revenue -88.6% year-over-year).
- 2011: Revenue of $13K, expenses of $14K, and assets of $37K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Liberty Hall:
Data Sources and Methodology
This transparency report for Friends Of Liberty Hall is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.